Daily News: 12/02/2025
The UK government is investing £350m to increase affordable and social housing, support homeownership, and ease council housing pressures. GOV.UK
Flagship Housing Group has received a governance upgrade to G1 with a financial viability grading of V2, reflecting strong governance and adequate financial health. Meanwhile, Cheshire Peaks & Plains Housing Trust has undergone a regulatory stability check, with its judgement now published. GOV.UK , GOV.UK
NatWest Group has announced a £2.5bn boost, increasing its social housing lending to £7.5bn to support the UK’s social housing sector. Furthermore, London Councils urges the government’s Spending Review to help boroughs “survive and thrive,” addressing budget challenges and unlocking London’s growth potential. Housing Digital, London Councils
Pinnacle Group has renewed two cleaning contracts with whg (Walsall Housing Group), continuing its service partnership in the Midlands. In contrast, a Bristol housing association faces the costly demolition of a housing block after a £4m remediation claim against ISG Pearce collapsed due to the parent company’s administration. Facilitate Magazine, Construction Enquirer
Barratt Redrow has reported double-digit growth in both profit and housebuilding following Barratt’s acquisition of Redrow last year, highlighting strong post-merger performance. In other news, RSK Group saw revenues approach £2bn, but pre-tax losses surged to £132m for the year ending March 2024, up from £90m the previous year. City A.M., Construction Enquirer
The latest AtkinsRealis report predicts challenging yet optimistic times for the UK construction sector, with high borrowing costs expected to drive tender price inflation in the near future. PBC Today
Builders’ merchant insolvencies surged by over 170% in January 2025, according to Insight Data, highlighting financial pressures in the sector. In addition, Protrade’s 2025 State of Construction Report reveals a continued decline in construction apprenticeships, with a 1.4% drop last year following a 5% decrease the previous year. Builders Merchants News, Builders Merchants News
The report “Raising Standards in the Private Rental Sector” highlights energy inefficiency in the PRS, contributing to issues like damp, mould, and high energy costs that impact tenants’ health and finances. It outlines strategies for enhancing energy efficiency and improving living conditions for tenants. National Retrofit Hub
Miller Homes and Vistry Group have unveiled plans for over 700 homes on a former industrial site at Blackmoorfoot Road, Huddersfield. At the same time, objections have been raised against a proposed 150-home development on green belt land near Kings Langley. Additionally, a controversial plan for 180 homes, including a school and country park, is progressing on the outskirts of a city. TheBusinessDesk.com, Watford Observer, and BBC